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Re: Money man64 post# 1027

Monday, 05/11/2020 12:21:47 PM

Monday, May 11, 2020 12:21:47 PM

Post# of 2108
50 day moving average

Calculates the average price over the last 50 days.

200 day moving average is also used

They are theoretical resistance (stock moving up) and support levels (stock going down) used by many investors and automated tools in decision making whether to buy or sell a stock.

It is anticipated, but not guaranteed a stock will rise up to the 50 or 200 day moving average, whichever is lower.

Of course good or bad news changes the way the stock moves significantly.

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